acquisition

HubSpot acquires Cacheflow, a platform that helps close software sales

Fundraising /

HubSpot has acquired Cacheflow, a startup building tools for the software sales closing process, for an undisclosed amount. HubSpot CEO Yamini Rangan says that Cacheflow — which will become a wholly-owned subsidiary of HubSpot once the deal closes — will expand HubSpot’s Commerce Hub suite of subscription billing management and configure, price, and quote tools […]

HubSpot acquires Cacheflow, a platform that helps close software sales Read More »

Salesforce snatches up Zoomin, a tool for organizing company knowledge

AI /

Salesforce is on a buying spree. After snatching up data management firm Own earlier in the month, Salesforce today announced its plans to buy Zoomin, an enterprise knowledge platform. Zoomin — which we’ve covered a handful of times before — unifies a company’s docs, like product user guides and tutorials, in one portal. The terms

Salesforce snatches up Zoomin, a tool for organizing company knowledge Read More »

Vista Equity Partners and Blackstone offer to buy Smartsheet for $8.4B in cash

Enterprise /

Vista Equity Partners and Blackstone have agreed to acquire Smartsheet, the software-as-a-service (SaaS) workplace collaboration platform, for $8.4 billion in cash. The private equity firms say that the deal values publicly traded Smartsheet’s shares at a 41% premium over its 90-day average closing share price. Should regulators and shareholders approve it, shareholders would receive approximately

Vista Equity Partners and Blackstone offer to buy Smartsheet for $8.4B in cash Read More »

Workday acquires AI-powered document platform Evisort

Fundraising /

Workday today announced it’s acquiring Evisort, an AI-powered contract management platform, for an undisclosed amount. In a statement, Terrance Wampler, group general manager at Workday, said that Evisort’s tech will enable Workday to add a range of AI-powered document processing tools to its existing finance and HR software. “Evisort will help us deliver on our

Workday acquires AI-powered document platform Evisort Read More »

Generative AI startup Typeface acquires two companies, Treat and Narrato, to bolster its portfolio

Media & Entertainment /

Typeface, a generative AI startup focused on enterprise use cases, has acquired a pair of companies just over a year after raising $100 million at a $1 billion valuation. Typeface revealed on Monday that it’s purchased Treat, a company using AI to create personalized photo products, and Narrato, an AI-powered content creation and management platform.

Generative AI startup Typeface acquires two companies, Treat and Narrato, to bolster its portfolio Read More »

Progress acquires file management platform ShareFile for $875M

Fundraising /

Progress, a Bedford, Massachusetts-based software firm, on Monday announced that it intends to acquire file management platform ShareFile for $875 million in cash and credit. Progress CEO Yogesh Gupta said that the deal, which is expected to close by November 30, will bolster Progress’ portfolio with tools to help businesses more efficiently share — and

Progress acquires file management platform ShareFile for $875M Read More »

Salesforce acquires data management firm Own for $1.9B in cash

Enterprise /

Salesforce has acquired Own Company, a provider of data management and protection solutions, for $1.9 billion in cash. In a press release, Salesforce GM Steve Fisher said in a statement that Own “underscores [Salesforce’s] commitment to providing secure, end-to-end solutions that protect our customers’ most valuable data.” “Data security has never been more critical, and

Salesforce acquires data management firm Own for $1.9B in cash Read More »

Atlassian acquires Rewatch as it gets into AI meeting bots

Enterprise /

Atlassian on Thursday announced that it has acquired Rewatch, an AI-powered meeting notetaker, screen recording tool and video hub. The company plans to integrate Rewatch into Loom, the asynchronous video messaging platform it acquired for $975 million last October. But maybe even more importantly, it also plans to integrate it into its recently launched Rovo

Atlassian acquires Rewatch as it gets into AI meeting bots Read More »

Selling a startup in an ‘acqui-hire’ is more lucrative than it seems, founders and VCs say

Venture /

While the best startups are doing well, even in this tough venture capital market, others are struggling to raise new funding. If they can’t raise and haven’t become self-sustaining businesses, their best bet is to get acquired, even if it’s for a fraction of their last valuation. The alternative would be to run out of

Selling a startup in an ‘acqui-hire’ is more lucrative than it seems, founders and VCs say Read More »